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The assumptions on the etymology of the name "Italia" are very numerous and the corpus of the solutions proposed by historians and linguists is very wide. According to one of the more common explanations, the term Italia, from Latin: Italia, was borrowed through Greek from the Oscan Víteliú, meaning "land of young cattle".

Italy, officially the Italian Republic is a unitary parliamentary in Europe. Italy covers an area of 301,338 km2 (116,347 sq mi) and has a largely temperate seasonal climate; due to its shape, it is often referred to in Italy as lo Stivale (the Boot). With 61 million inhabitants, it is the 4th most populous EU member state. Located in the heart of the Mediterranean Sea, Italy shares open land borders with France, Switzerland, Austria, Slovenia, San Marino and Vatican City.

Italy is the 4th-largest national economy in Europe, the 8th-largest by nominal GDP in the world, and the 12th-largest by GDP (PPP). The country is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G8. Italy is the eighth largest exporter in the world with $514 billion exported in 2015. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade. The largest trading partners, in order of market share, are Germany (12.6%), France (11.1%), United States (6.8%), Switzerland (5.7%), United Kingdom (4.7%), and Spain (4.4%). research and development expenditure (% of GDP) in italy was last measured at 1.27 in 2012, according to the world bank. expenditures for research and development are current and capital expenditures (both public and private) on creative work undertaken systematically to increase knowledge, including knowledge of humanity, culture, and society, and the use of knowledge for new applications. R&D covers basic research, applied research, and experimental development. This page has the latest recorded value, an historical data chart and related indicators for research and development expenditure (% of GDP) in italy.

According to the Oil and Gas Journal, Italy has proven oil reserves estimated at 622 million barrels, as of 1 January 2005. Estimated production in 2004 averaged 147,000 barrels daily, of which crude oil accounted for 104,000 barrels per day, of which about 89% was accounted for by the National Hydrocarbon Agency. The lack of domestic raw materials and fuels represents a serious drag on industrial expansion. Industry accounted for 28.8% of GDP in 2004, and employed 32% of the labor force. Manufacturing accounts for approximately 90% of total merchandise exports. In 2001, Italy had 1,156 scientists and engineers per million people engaged in research and development (R&D). In that same year, expenditures on R&D totaled $16.7 trillion or 1.11% of GDP. High technology exports in 2002 totalled $19.730 billion, or 9% of the country's manufactured exports. CNR institutes and associated private and university research centers conduct scientific work in mathematics, physics, chemistry, geology, technology, engineering, medicine, biology, and agriculture and publish some popular Journals like list of Chemistry journals Italy, Italy Chemistry journals list, Chemistry journals Italy, list of Chemistry journals, Chemistry journals. Especially noteworthy are the National Institute of Nuclear Physics, in Rome, and the Enrico Fermi Center for Nuclear Studies, in Milan.